Are we all in trouble?

hondo122 · 07-30-2011, 10:51 AM

What's going to happen to our way of life if we default on Tuesday. Will our dollar be devalued, inflation, high interest rates? What do you think. I think it will be settled, one way or the other.

bluepill · 07-30-2011, 10:58 AM

The bad news - If we default, the markets will get a bit crazy for awhile.

The good news - If the idiots in DC allow it to happen, maybe - just maybe - the American people will blow them all out in the next election.

The US Congress - "The Best That Money Can Buy"

(Special interest money, that is)

cutrell01 · 07-30-2011, 11:07 AM

[QUOTE=bluepill;917357]The bad news - If we default, the markets will get a bit crazy for awhile.

The good news - If the idiots in DC allow it to happen, maybe - just maybe - the American people will blow them all out in the next election.

The US Congress - "The Best That Money Can Buy"

(Special interest money, that is)[/QUOTE

And Will Rodgers said: "It's a good thing we don't get ALL the government we pay for!"

TXiceman · 07-30-2011, 11:21 AM

Politicians are like a dirty diaper....they need to be changed often and for the same reason.

This thread will soon turn political and be shut down, so go easy folks.

Ken

njs42 · 07-30-2011, 12:49 PM

Read, ask questions, listen carefully, check facts ---then vote. Ain't this a great country---I love it so.

Francesca · 07-30-2011, 01:06 PM

Personally, I'll be pretty ashamed if we just stop paying our bills.
It's not respectable, and it certainly isn't responsible.
No matter who we allowed to commit us to our creditors, we owe that money.

GPW · 07-30-2011, 01:23 PM

Naaa!!! Just like in the movies ,they'll save the day at the very last minute , knowing their jobs are on the line ...

akadeadeye · 07-30-2011, 01:23 PM

Isn't raising the debt ceiling limit in order to solve our financial difficulties a little like raising the illegal blood alcohol level in order to solve drunk driving problems?

Don

Clifftall · 07-30-2011, 01:44 PM

Quote:

Originally Posted by akadeadeye

Isn't raising the debt ceiling limit in order to solve our financial difficulties a little like raising the illegal blood alcohol level in order to solve drunk driving problems?

Don

This alcohol has already been drunk. We're just paying our bar tab.

mr300ce · 07-30-2011, 01:44 PM

If the congress lets the USA default, then we need a massive RECALL campaign to get rid of them.

Think about this

.....576 people govern all 300 million of us.

Thats the senate, the house, president, & supreme court.

We hired them to run things for us so we could work & play as we want.

If they aren't doing a good enough job, fire them !!!!

Dave and Jaime · 07-30-2011, 01:51 PM

Quote:

Originally Posted by akadeadeye

Isn't raising the debt ceiling limit in order to solve our financial difficulties a little like raising the illegal blood alcohol level in order to solve drunk driving problems?

Don

No, it is exactly like calling your bank and asking to have your credit card limit raised because you want to avoid overlimit charges. It is irresponsible for the bank to allow you to go deeper into debt when you are already "maxed out" and can't meet the current monthly payments. If it were you or me, and we wanted to be responsible, we would cut down on our spending and use the money to pay down the balance or we would get a 2d job to increase our income. The easiest (and worst) thing we could do would be to simply have our credit limit raised and go further into debt.

TomR · 07-30-2011, 02:00 PM

Quote:

Originally Posted by Dave and Jaime

No, it is exactly like calling your bank and asking to have your credit card limit raised because you want to avoid overlimit charges. It is irresponsible for the bank to allow you to go deeper into debt when you are already "maxed out" and can't meet the current monthly payments. If it were you or me, and we wanted to be responsible, we would cut down on our spending and use the money to pay down the balance or we would get a 2d job to increase our income. The easiest (and worst) thing we could do would be to simply have our credit limit raised and go further into debt.

The same congress has already spent/incurred/contracted the bills that we have coming due. A better comparison would be if you decided you did not have enough money so you would just not pay your mortgage and utilities...that is "default" and you would have "consequences"...just a we shall in the event they do not drop there partisanship and compromise.

BTW...I do support a genuine attempt to reduce expenses...not just speeches and not using something this dangerous in an attempt to solve our issues overnight...we did not get into this overnight and we will not solve it overnight...but we must start...Thanks

okmunky · 07-30-2011, 02:15 PM

Quote:

Originally Posted by akadeadeye

Isn't raising the debt ceiling limit in order to solve our financial difficulties a little like raising the illegal blood alcohol level in order to solve drunk driving problems?

Don

Well said Don!